As the cryptocurrency market experiences varying trends, particularly in the case of the star crypto, Bitcoin, investors are closely watching the price targets. After a period of anticipation for levels to drop to $55,000, a significant rebound catapulted the price close to $72,000. Now, with consolidation along the gains, expectations of reaching higher targets are emerging.

The current Bitcoin (BTC) price, hovering just below $70,000, is anticipated to soar well beyond $72,000. This upswing raises questions about the trajectory of the price rally and when Bitcoin might hit the coveted $100,000 mark.

These inquiries have become commonplace, reflecting the enduring interest in the $100,000 price target despite ongoing market fluctuations. Consequently, a renowned analyst, operating under the pseudonym BitQuant, provides insights into the long-term BTC price rally.

Referring to the analyst's chart, it's firmly stated that Bitcoin's price is on track to reach $90,000 by June. The trend aligns with expectations, with a potential rise to $80,000 before the month's end. However, caution is advised as the analyst predicts a sharp decline, possibly occurring in June as well.

In the current trading scenario, Bitcoin struggles to breach the crucial resistance at $72,500, vital for sustaining the bullish trend. This level holds immense significance, given historical price behavior, with bears often exerting pressure post-breakout.

The near future is pivotal, particularly until the weekend, as Bitcoin's rally must maintain momentum to achieve the analyst's set targets. A breach beyond $72,500 could pave the way for a new all-time high (ATH) above $75,000, signaling further upward momentum.

Bitcoin Price Analysis

In conclusion, as market dynamics evolve, Bitcoin's trajectory remains a focal point for investors. With the potential for a surge to $90,000 in June, coupled with resistance around $72,500, the coming days are critical. A successful breakout could propel Bitcoin toward new ATHs, reinforcing its position as the leading cryptocurrency amidst ongoing market volatility.